Deutsche Bank Profit Falls on Legal Costs After Fine

April 26, 2015 1:30 PM

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Deutsche Bank AG said first-quarter profit fell by half after the lender booked legal costs from a record fine for rigging interest-rate benchmarks.

Net income fell to 544 million euros ($591 million) from 1.1 billion euros a year earlier, the Frankfurt-based company said in a statement Sunday. That’s higher than the 256 million-euro average estimate of four analysts surveyed by Bloomberg after Deutsche Bank said it would book 1.5 billion euros ...

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